Viacom Selling Harmonix [UPDATED]

The developers of the highly succesful franchise Rock Band and the recently released and critically acclaimed Dance Central; Harmonix, are now up for sale, as stated earlier today during Viacom’s (MTV parent company) third-quarter earnings call.

At the time of the announcement, no actual reason was given regarding Harmonix‘s sale, but a MTV Games spokesperson told IGN that such decision “does not affect the ongoing work at the studio as they continue to support Rock Band and Dance Central”, and that Viacom wanted to “[focus] entirely on what they do best: make great branded entertainment content and deliver it through a variety of platforms”. In addition, the spokesperson stated Viacom has “several potential buyers” and they will “continue to fully support the business until a sale is completed“.

Naturally, this news is still in development, so stay tuned to P*N for more details in the coming hours.

UPDATE: Michael Pachter, Wedbush Morgan Securities analyst has just made a couple of comments on the matter:

“They obviously had expectations that were way too high, and in retrospect, they appear to have paid too much for Harmonix”  “I am not sure why they’re pulling the plug now, as Dance Central is positioned to be very successful” “I think the buyer is either Activision or EA, with Activision having more to gain by absorbing a key competitor.”

There are still no comments from either EA or Activision on the subject, so stay tuned.

Source: IGN

, , , , , , , , , , , , , , , , , ,